Zacks: Brokerages Anticipate BancFirst Corporation (BANF) Will Announce Quarterly Sales of $86.27 Million

Analysts forecast that BancFirst Corporation (NASDAQ:BANF) will report sales of $86.27 million for the current quarter, according to Zacks. Three analysts have provided estimates for BancFirst Corporation’s earnings, with estimates ranging from $84.90 million to $88.70 million. BancFirst Corporation posted sales of $79.36 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The business is scheduled to issue its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that BancFirst Corporation will report full-year sales of $86.27 million for the current fiscal year, with estimates ranging from $337.30 million to $345.40 million. For the next financial year, analysts expect that the business will report sales of $371.83 million per share, with estimates ranging from $356.80 million to $387.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for BancFirst Corporation.

BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The company had revenue of $84.42 million during the quarter, compared to analyst estimates of $81.12 million.

A number of equities research analysts recently commented on BANF shares. ValuEngine lowered BancFirst Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered BancFirst Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.

WARNING: This piece was posted by Equities Focus and is the property of of Equities Focus. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.equitiesfocus.com/2017/10/05/zacks-brokerages-anticipate-bancfirst-corporation-banf-will-announce-quarterly-sales-of-86-27-million.html.

In other BancFirst Corporation news, Director William H. Crawford sold 1,960 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $50.74, for a total value of $99,450.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $53.50, for a total value of $160,500.00. Following the completion of the transaction, the insider now owns 3,000 shares in the company, valued at $160,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,699 shares of company stock worth $749,476. 44.97% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BANF. Ameritas Investment Partners Inc. boosted its position in BancFirst Corporation by 115.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock valued at $109,000 after buying an additional 651 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in BancFirst Corporation by 336.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after buying an additional 1,013 shares during the last quarter. SG Americas Securities LLC bought a new position in BancFirst Corporation in the 1st quarter valued at $133,000. Victory Capital Management Inc. boosted its position in BancFirst Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock valued at $202,000 after buying an additional 313 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in BancFirst Corporation in the 1st quarter valued at $209,000. Hedge funds and other institutional investors own 16.69% of the company’s stock.

BancFirst Corporation (NASDAQ:BANF) opened at 57.30 on Thursday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 22.59 and a beta of 0.57. The firm’s 50-day moving average price is $51.95 and its 200-day moving average price is $49.24. BancFirst Corporation has a 12 month low of $34.06 and a 12 month high of $58.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from BancFirst Corporation’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 1.47%. BancFirst Corporation’s dividend payout ratio is 33.14%.

About BancFirst Corporation

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.

Get a free copy of the Zacks research report on BancFirst Corporation (BANF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BancFirst Corporation (NASDAQ:BANF)

Receive News & Ratings for BancFirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply